Credit cards are now a need that very few of us can ignore. In today’s world, everything is online and most people prefer plastic money over cash. So, in order to determine the best credit card as per your requirement, you must be aware of the benefits and features of different cards available in the market. The best way to choose a credit card is to be very true with your requirements and spending tendencies. If you choose a card whose reward structure matches your need, you can surely save yourself from debt. For eg. If you travel a lot by flight, a airlines miles card would be beneficial for you and if you drive a lot, a fuel card would be more useful.

Latest Offers on SBI Credit Cards for Festive Season 2017

# Gift your wife a jewellery from Joyalukkas and get 25% on gold jewellery with #SBICard
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✓ Joining fee : ₹ 1000 plus taxes*✓ Annual Fees onwards : ₹ 4500 plus taxes*✓ 4,000 Bonus Membership Rewards® Points, to be awarded on using the Card 3 times within the first 60 days of Cardmembership, upon payment of annual fee.✓ 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of Rs. 1,000 and above every month.✓ Benefits on your travel bookings with MakeMyTrip.com✓ Enjoy greater flexibility in spending with “no pre-set” limit2✓ Redeem from the fabulous 18 carat and 24 carat Gold Collection.✓ Enjoy up to 20% off every time you dine at select restaurant partners.✓ Get BookMyShow Vouchers worth Rs. 1,000 on Card Approval.

✓ Joining Fee – ₹ 3,000 + service tax✓ Annual Fee – ₹ 2,000 (2nd year onwards; waived off if spends cross ₹ 2,50,000 in the previous year)✓ Welcome Gift: Sennheiser HD219 Headphones✓ Buy 1 ticket and get the other ticket free any day of the week, on www.bookmyshow.com. Get up to 2 free tickets per month valued at up to ₹ 250 per ticket.✓ Minimum 15% discount on dining bill at 800 tie-up restaurant

✓ Joining Fee –Nil✓ Annual Fee – ₹ 750 (2nd year onwards) ✓ Benefits worth – ₹ 7500✓ No surcharge on Fuel✓ 5% value back on Big Bazaar every Wednesday✓ Get 4000 Reward Points on purchase of ₹ 1,20,000 or more in a year and get a gift voucher of ₹ 1,000✓ 10% value back on Pizza Hut/Domino’s every Wednesday

✓ 5X Reward Points on fuel spends in India✓ Earn 2X Reward Points for every ₹ 150 spend across all categories✓ Get 5X Rewards at leading hotels, dining outlets and more, both in India and overseas

Standard Chartered Super Value Titanium Card

✓ Annual Fee – 750

✓ 1 Reward Point for every Rs. 100/- spent on all categories✓ 5% cash back on all fuel spends at any petrol pump✓ 5% cash back on mobile and telephone bills✓ 5% cash back on utility bill payments✓ 2.5% surcharge reversal on all petrol pumps

A Credit card is a product which gives you

Freedom to carry cash for your shopping thus adding convenience.

Credit of max 45 days from the day you spend without any charges.

Discounts, Cashback & Rewards on usage on buying certain products.

Things to Keep in Mind Before Choose the Best Credit Card:

Annual Fee – It’s the fee that is charged by bank for giving you a particular Card or service. There are few Credit cards in Indian Industry which are Free.

Up to ₹ 100 Cashback on fuel purchases at HPCL pumps month on month, year on year can be availed when the Card is swiped on ICICI Merchant Services swipe machines, Save on 2.5% fuel surcharge, ₹ 500 Promotional Cashback

Standard Chartered Super Value Titanium Card

5% cash back on all fuel spends at any petrol pump, 2.5% surcharge reversal on all petrol pumps

HDFC is the Indian market leader in issuing credit cards closely followed by SBI Card and ICICI Bank.

Conclusion-

1. If you need a credit card only for ad-hoc basis or just at times that you don’t want to carry cash- opt for any credit card which has no fees. It will save you from any unnecessary charges.
2. If you have your own vehicle and you spend on petrol or diesel for more than 2000 a month- Opt for a petro card and start using that card for your refills- this will increase your overall savings.
3. If you are a frequent flier – Opt for travel cards- it will help you in getting miles or few tickets free in a year and can be the free holiday that you been looking for.

We hope this article was helpful and now you can make a diligent choice about the credit card to apply for.

Updated Information on Credit Cards in India

-Reserve Bank of India data shows that the debt of an average Indian credit card user is rising at an alarming rate. The recent RBI data shows credit card outstanding amount od ₹ 42,100 crore at the end of May 2016 as against ₹ 27,000 crore during the 2008 crisis period. The reason behind this is the annual interest on credit card outstanding ranges between 36 and 48 per cent.

-Reserve Bank India (5th October 2016) is to boost card use funds resulting in a big boost to the acceptance of debit cards in shops in rural and semi-urban areas. The fund is expected to subsidize setting up of a point of sales terminals or machines that enable acceptance of credit cards in areas where banks do not consider it viable to do so.

-State Bank of India is gearing up to introduce payments through mobile phones that will be an add-on to the competition in the mobile wallet services segment. The bank plans to make its credit cards in the user’s mobile phone and facilitate payments through the host card emulation technology (HCE), which neither requires swiping nor reading an embedded chip.

– Credit Cards for Women: Kotak Mahindra Bank has launched credit cards only for its women customers. ‘Kotak Silk Inspire’ credit card can be availed against fixed deposits and targets housewives with no fixed income. The card will offer 5% savings on apparel, fuel surcharge waiver and Silk Inspired Shield for protection against the misuse of the card.

-Credit Cards for Students: State Bank of India has introduced SBI Student Plus Advantage Card exclusively for education loan customers. The joining is free of cost and the users can enjoy up to 80% cash withdrawal limit. On international spends, you can get 10X reward points and the reward points can be used to pay the outstanding balance.

-On 2nd October 2016, Bihar CM Nitish Kumar launched credit card for students. It is an education loan in which the government will pay the interest. Under this scheme, students who have passed Class XII will be able to avail credit card and can withdraw up to Rs 4 lakh while pursuing any professional course.

-HSBC launches ‘simple two-click process’ to apply for credit cards. The bank has announced the launch of a customer-friendly digital initiative for customers of the bank’s retail banking and wealth management arm can apply for a credit card through HSBC India ATMs or when they log on to internet banking.

This Card is really very awesome because it gives you the access for many unknown discounts and also there are some reward points return so that you can redeem it and win assured gifts per-defined decided by the SBI and also there are many benefits such as fuel cashback this means that if you pay by credit card then 1% surcharge will be not included in the final sum amount even there is one more scheme in which you get the processing fee amount or I would say join amount rs.500 back in next year if you do the shopping of more than 90000 or something and this card is worldwide accepted by an vendor the first credit limit you get by default is rs 20000 which is more than enough for an individual spending money in a month. So I recommend everyone to start applying for this credit card through Deal4loan.com and enjoy the best benefits from selected vendors.SBI Simply click a very good card for online spender, gives reward as well as cash point, BT, EMI, flexi pay and 10X more reward point on many online categories the best one can get!On a Single platform when you can get all the details and compare cards . Then its easy to choose one card which suits you. Thanks Deal4Loan.I have already using this credit card Thanks,Kiran

the credit facility provided by the American express is awesome.You can earn 1000 bonus.You can also earn 4000 credit points when you use your card 3 times within 60 days of issue your cards and its 1st year nil fees. offer is for limited time. so come fast and earn by your card.

this is a good choice only if you fly Indigo often, else you may consider other cards like Amex Makemytrip credit card. MakeMyTrip and American Express have launched this co-branded Credit Card offering decent benefits to frequent travelers. While its not a premium product, it still gives you good rewards if you spend about 2.5L a year.

This Card is really very awesome because it gives you the access for many unknown discounts and also there are some reward points return so that you can redeem it and win assured gifts pre-defined decided by the SBI and also there are many benfits such as fuel cashback this means that if you pay by credit card then 1% surcharge will be not included in the final sum amount even there is one more scheme in which you get the processing fee amount or I would say join amount rs.500 back in next year if you do the shopping of more than 90000 or something and this card is worldwide accepted by an vendor the first credit limit you get by default is rs 20000 which is more than enough for an individual spending money in a month. So I recommend everyone to start applying for this credit card through Deal4loan.com and enjoy the best benefits from selected vendors.